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Double the Mudra loan ceiling from Rs 10 lakh to Rs 20 lakh
Bharatiya Janata Party · Lok Sabha General Election 2024
Last updated 30 May 2026
“Raise the loan limit under the Pradhan Mantri Mudra Yojana from Rs 10 lakh to Rs 20 lakh to support entrepreneurs.”
From the Bharatiya Janata Party manifestoView Manifesto
Our Assessment
highhigh
Pledged in the Sankalp Patra and announced by PM Modi at the manifesto launch on 14 April 2024. The enhancement was announced in the Union Budget 2024-25 on 23 July 2024 and formally notified on 24 October 2024 through a new "Tarun Plus" category covering loans above Rs 10 lakh and up to Rs 20 lakh, available to borrowers who have successfully repaid an earlier Tarun-category loan, with guarantee cover under the Credit Guarantee Fund for Micro Units (CGFMU). Directly delivered.
Promise Timeline
24 Oct 2024
Finance Ministry notifies the Rs 20 lakh limit via the new "Tarun Plus" category with CGFMU guarantee cover.
View source23 Jul 2024
Union Budget 2024-25 announces enhancement of the Mudra loan limit to Rs 20 lakh.
View source14 Apr 2024
Sankalp Patra pledges doubling the Mudra loan ceiling to Rs 20 lakh; announced by PM Modi at the manifesto launch.
View sourceSources & Evidence
news
BJP promises to double Mudra loan limit to Rs 20 lakh in its poll manifesto
business-standard.com·15 Apr 2024
news
Centre doubles Mudra loan ceiling to Rs 20 lakh under new category
business-standard.com·26 Oct 2024
government
PIB: Mudra loan limit under PMMY increased to Rs 20 lakh
pib.gov.in·25 Oct 2024
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